Reasons to Read

The Monthly Fashion Trend Report highlights accelerating fashion trends based on what consumers are searching for: The results show which trends are accelerating, slowing or reaching maturity.

This month, we are seeing:

  • The belted blazer offers opportunity in the luxury sector, with most selling at higher price points.
  • The oversized hoodie is a fast-fashion opportunity, with growing interest and most selling at the lower end of the price spectrum.

For more detail, please see the Xcel Brands x Coresight Research Monthly Fashion Trend Data Report.

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QUESTION OF THE WEEK: What Are the Key Challenges Involved in In-Store Retail Operations?

Ensuring consistency in store execution is one of the biggest challenges for grocery retailers, with 81% of respondents to a Coresight Research survey citing it as a key challenge in physical store operations.

Reasons to Read

We explore the expanding applications of computer vision in the retail industry as the adoption of this technology increases among retailers. Offering key examples, we consider the following trends in the ongoing transformation of the shopping experience through computer vision:

  • Among legacy retailers, Walmart leads R&D activity.
  • Collaboration with emerging technology companies is a key adoption strategy for retailers.
  • The applications of visual search technologies will expand in 2020
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Executive Summary

  • This week’s note “From the Desk of Deborah Weinswig” looks at the challenges retailers may (continue to) face in 2020.

In the news this week:

  • PayPal will integrate with Argentinian e-commerce company MercadoLibre’s Mercado Pago payment system for users in Brazil and Mexico.
  • Singapore-based ride sharing company Grab has partnered with Singapore Telecommunications (Singtel) to apply for a full digital banking license.
  • DishDivvy, a marketplace to connect local home cooks with nearby customers, has partnered with DoorDash to offer delivery of home-cooked meals.

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Reasons to Read

Our Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. We cover:

  • What is happening in retail in the US and UK this week
  • Year-to-date 2020 major US and UK store openings and closures
  • 2020 major US retail bankruptcies
  • New non-store-closure news

This week, there are highlights from Michaels Companies in the US and Joy in the UK.

Click here to view our full collection of Weekly US and UK Store Trackers.

Complementing our weekly Tracker report, the new Coresight Research Retail Store Databank offers our premium subscribers access to openings and closures data from 2012 to 2020 year to date, filterable by sector and year. Click here to view.

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Reasons to Read

With the rise of the sharing economy, rental, subscription and resale business models are gaining traction in the US as the desire to own products and the social stigma of buying pre-owned products diminish, especially among millennials and Gen Zers. As this segment expands, we’re seeing several trends emerge.

  • Traditional retailers are getting in on the rental and subscription action with offerings of their own.
  • Many are teaming up with digital subscription services.
  • Digital natives in the space are also looking for physical locations, most notably Le Tote’s acquisition of Lord & Taylor.
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Executive Summary

  • This week’s note “From the Desk of Deborah Weinswig”  looks at 10 things we learned in 2019—and what they mean for 2020.

In the news this week:

  • US Super Saturday sales hit $34.4 billion—the biggest single day in US retail history and ahead of Black Friday’s $31.2 billion, despite lower foot traffic.
  • Chilean supermarket chain Wong has launched an app that lets customers trace meats, with information such as farm location, certifications, distribution process, store arrival date—and cooking tips.
  • Alibaba travel platform Fliggy has launched a campaign to connect China’s independently operated hotels with travelers and has already signed up 15,000 hotels in over 300 cities.

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Reasons to Read

Key indicators from the US, UK and China presented a mixed bag in November.

  • The US CPI crept up in November, but so did wage growth.
  • UK food prices climbed, but fuel prices came down.
  • China’s retail sales growth picked up pace again.

This report captures the big picture and what it means for retail as we head into the new year.

Coresight Research’s monthly reports keep you up to date on US and UK retail sales, US retail traffic and in-store metrics, selected US retailers’ same-store sales and key global consumer indicators. Click here to view our full collection of Monthly Reports.

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Reasons to Read

Our Weekly US and UK Store Openings and Closures Tracker covers store closures, openings and bankruptcies. We include:

  • What is happening in retail in the US and UK this week
  • Year-to-date 2019 major US and UK store openings and closures
  • 2019 major US retail bankruptcies
  • New non-store-closure news

This week, we cover a new Jared jewelry collaboration with digital native diamond and bridal jewelry retailer James Allen, both Signet Jewelers banners. In the UK, Flannels has expanded into Northern Ireland while Bonmarché has lost its CEO.

Click here to view the full series of Coresight Research Weekly US and UK Store Openings and Closures Trackers.

Complementing our weekly report, premium subscribers can access opening and closure data since 2012 via the new Coresight Research Retail Store Databank, filterable by sector and year. Click here to view.

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Reasons to Read

In a country in which Christmas is not a traditional holiday, merchants have grabbed the opportunity to launch holiday-themed marketing campaigns. These are some of the strategies we’ve seen this season:

  • Pop-up stores featuring iconic images and themed installations that can serve as photo backdrops
  • Innovative lighting installations
  • Promotions such as mystery gift machines for loyalty club members
  • Innovative technology such as a 3D avatar creation game
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Reasons to Read

London retailers are pulling out all the stops to drive foot traffic this year, these are some of the highlights of what we discovered:

  • Instagrammable moments themed after popular movies
  • Central London railway stations transforming into shopping destinations
  • Christmas-themed augmented reality
  • Winter carnivals within stores to attract shoppers
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QUESTION OF THE WEEK: How Does Poor In-Store Execution Impact the Profitability of Grocery Retailers?

Poor in-store execution can easily lead to issues such as infrequent stock replenishment and misplaced stock-keeping units which can have a negative impact on sales. 51% of grocery retailers surveyed said they lose 5–10% of sales to store operations issues, while over a third of respondents said they lose more than10% in sales annually due to poor in-store execution, according to an October 2019 survey by Coresight Research.

Reasons to Read

New York City department store windows have been a must-see holiday destination for decades. In addition to these flagship store windows, Coresight Research visited some of New York City’s newer, more innovative shopping centers along with some of the must-sees.

  • Rockefeller Center’s towering iconic Christmas tree attracts many for the photo opp, but nearby Saks Fifth Avenue puts on a spectacular light show on the façade of its Fifth Avenue flagship store.
  • The Shops at Columbus Circle feature twelve, 14-foot stars that hang from the ceiling of the 150-foot great room overlooking Central Park.
  • Newly opened Hudson Yards is already creating holiday traditions with a Black Friday light and music installation called Shine On, synchronized to the sound of holiday music.
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Executive Summary

E-commerce platforms and offline merchants celebrated China’s last major shopping festival of the year, Double 12, on December 12.

  • Taobao and Tmall offered over 10 million products for Double 12. Shoppers born after 1990 were the primary consumers, purchasing more health-oriented products.
  • Alibaba’s new $1.4 billion subsidy program on Juhuasuan attracted over 5 million consumers during the shopping festival. Total gross merchandise volume (GMV) generated from the group-buying platform in lower-tier cities increased 41% year over year on Double 12.
  • Alipay partnered with local services platforms in Alibaba’s ecosystem to roll out the Double 12 Lifestyle Festival, which provided a variety of discounts through offline merchants.
  • JD.com saw strong consumption from lower-tier cities and high popularity of consumer-to-manufacturer (C2M) products during its 12-day shopping event.

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